Standard Motor Products (NYSE:SMP) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Standard Motor Products, Inc. (NYSE:SMP)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $32.99 and traded as high as $40.85. Standard Motor Products shares last traded at $40.43, with a volume of 132,368 shares changing hands.

Wall Street Analyst Weigh In

SMP has been the subject of several research analyst reports. Zacks Research upgraded Standard Motor Products from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. Wall Street Zen upgraded Standard Motor Products from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 26th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Standard Motor Products in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Standard Motor Products Price Performance

The company has a 50 day moving average of $39.52 and a 200-day moving average of $32.99. The stock has a market capitalization of $889.06 million, a P/E ratio of 22.97 and a beta of 0.67. The company has a quick ratio of 0.87, a current ratio of 2.16 and a debt-to-equity ratio of 0.86.

Standard Motor Products (NYSE:SMP) last announced its quarterly earnings data on Tuesday, August 5th. The auto parts company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.32. Standard Motor Products had a return on equity of 12.98% and a net margin of 2.39%.The firm had revenue of $493.85 million for the quarter, compared to analysts’ expectations of $450.21 million. During the same period last year, the business posted $0.98 earnings per share. The firm’s revenue for the quarter was up 26.7% on a year-over-year basis. Sell-side analysts predict that Standard Motor Products, Inc. will post 3.08 EPS for the current year.

Standard Motor Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were paid a dividend of $0.31 per share. The ex-dividend date was Friday, August 15th. This represents a $1.24 annualized dividend and a yield of 3.1%. Standard Motor Products’s dividend payout ratio (DPR) is 70.45%.

Institutional Investors Weigh In On Standard Motor Products

Several large investors have recently added to or reduced their stakes in SMP. Nisa Investment Advisors LLC increased its position in Standard Motor Products by 4,842.1% in the second quarter. Nisa Investment Advisors LLC now owns 939 shares of the auto parts company’s stock worth $29,000 after buying an additional 920 shares during the period. PNC Financial Services Group Inc. increased its position in Standard Motor Products by 188.3% in the first quarter. PNC Financial Services Group Inc. now owns 2,295 shares of the auto parts company’s stock worth $57,000 after buying an additional 1,499 shares during the period. Tower Research Capital LLC TRC increased its position in Standard Motor Products by 235.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,298 shares of the auto parts company’s stock worth $71,000 after buying an additional 1,613 shares during the period. Harbor Capital Advisors Inc. increased its position in Standard Motor Products by 26.7% in the second quarter. Harbor Capital Advisors Inc. now owns 5,609 shares of the auto parts company’s stock worth $172,000 after buying an additional 1,182 shares during the period. Finally, EP Wealth Advisors LLC acquired a new stake in Standard Motor Products in the second quarter worth $205,000. 81.26% of the stock is owned by institutional investors and hedge funds.

Standard Motor Products Company Profile

Standard Motor Products, Inc manufactures and distributes replacement automotive parts in the United States and internationally. The company operates through three segments: Vehicle Control, Temperature Control, and Engineered Solutions segments. The company provides components for the ignition, emissions, and fuel delivery systems, such as air injection and induction components, air management valves, regulators and solenoids, exhaust gas recirculation components, fuel injectors and related components, fuel valves, ignition coils, connectors and sockets, modules, pumps, relays and fuses, starting and charging system parts, and vapor and purge components.